Xeneta, a provider of AI solutions in the maritime and air transport sectors, introduced its largest product suite to over 600 participants, including carriers, freight forwarders, and brokers, at its tenth annual summit held in Munich. These products represent a transformation in how Xeneta serves its customers.
New Products from Xeneta
Xeneta has been helping data providers to visualize the market for 14 years and is now moving towards decision-making and actions derived from that data. This suite includes three main areas: new data that shows the first set of data indicating the announced and actual transport times of shipments through a transshipment center, and an air metric that includes over 17 million tons of air cargo across 92% of routes compared to before.
AI Development at Xeneta
Xeneta has also introduced new tools, including Xeneta Rate Management (XRM) and Xeneta Tender, which provide live market rates alongside every contract and proposal. With these tools, teams can manage rates and award tenders based on evidence they can defend.
Fabio Brocca, Head of Products at Xeneta, stated at the summit: "Supply chain teams are hired to make decisions, but they drown in data. Xeneta provides them with the most reliable metric in the industry. This year, we have embedded that metric into the work so you can see what’s happening, make confident decisions, and take action, all in one place."
Transportation Data Development
Xeneta has also made changes to transportation data, which includes over 850 million contractual rates across 170,000 pairs of seaports and daily updates. This data is sourced from contracts and freight forwarders and includes air rates, volumes, and loading factors for around 18,000 pairs of airports, updated weekly.
This data helps supply and planning teams select carriers and facilities that reach their routes on time, thereby avoiding additional costs.
